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Chipotle Will Raise its Prices Regionally

By

Annie Gasparro

June 27, 2011

For the first time since the recession, Chipotle Mexican Grill Inc. is raising its menu prices in the Northeast and Southeast over the next few weeks, with changes in other markets to follow, the company said.

The specialty burrito chain hasn't had a round of price increases in about three years. It is now facing higher commodities costs, especially for beef, which have made it difficult for many chains to maintain strong profit...